Teachers Advisors LLC lifted its position in Parker-Hannifin Corp (NYSE:PH) by 0.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,026,295 shares of the industrial products company’s stock after purchasing an additional 3,987 shares during the quarter. Teachers Advisors LLC’s holdings in Parker-Hannifin were worth $204,828,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of PH. San Francisco Sentry Investment Group CA grew its holdings in Parker-Hannifin by 139.3% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 579 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 337 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Parker-Hannifin during the 3rd quarter worth about $168,000. SeaCrest Wealth Management LLC bought a new stake in Parker-Hannifin during the 4th quarter worth about $197,000. Tiedemann Wealth Management LLC grew its holdings in Parker-Hannifin by 95.6% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 3,050 shares of the industrial products company’s stock worth $201,000 after acquiring an additional 1,491 shares during the last quarter. Finally, HL Financial Services LLC bought a new stake in Parker-Hannifin during the 3rd quarter worth about $204,000. 81.67% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the stock. Wells Fargo & Co reissued a “hold” rating and set a $200.00 price objective (down previously from $235.00) on shares of Parker-Hannifin in a report on Thursday. Robert W. Baird raised shares of Parker-Hannifin from a “neutral” rating to an “outperform” rating and set a $203.00 price objective on the stock in a report on Thursday. Jefferies Group reissued a “hold” rating and set a $200.00 price objective on shares of Parker-Hannifin in a report on Wednesday, March 7th. Zacks Investment Research lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Citigroup increased their price objective on shares of Parker-Hannifin from $195.00 to $220.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $201.41.
Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, February 1st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.08. Parker-Hannifin had a net margin of 6.54% and a return on equity of 23.15%. The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the prior year, the company posted $1.91 EPS. The company’s revenue was up 26.2% compared to the same quarter last year. equities research analysts anticipate that Parker-Hannifin Corp will post 9.97 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 9th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.64 dividend on an annualized basis and a yield of 1.41%. Parker-Hannifin’s payout ratio is presently 30.91%.
In other Parker-Hannifin news, Director Joseph Scaminace sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $184.97, for a total transaction of $184,970.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.12% of the company’s stock.
Parker-Hannifin Company Profile
Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The Company operates through segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment is an aggregation of several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment.
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